Anthropic raises $30B at $380B valuation
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Anthropic raised $30 billion in one of the largest private funding rounds in tech history, and the Claude developer said demand for its tools has risen exponentially just this year.
Why it matters: Despite worries about runaway spending and shaky markets, investors are still pouring billions into an AI race that is heating up faster than even the optimists could have imagined.
Driving the news: The announcement of the funding round, led by GIC and Coatue, included new information about Anthropic's financials.
- Anthropic's run-rate revenue has reached $14 billion, growing more than 10x annually over the past three years.
- Claude Code, Anthropic's AI coding agent, has a run-rate revenue above $2.5 billion, more than double its level at the start of the year, and its weekly active users have also doubled over the same period, according to the company.
- Customers spending over $100,000 annually have grown 7x in the past year.
- "Eight of the Fortune 10 are now Claude customers," according to a company statement.
Zoom out: Anthropic attributes the growth to its focus on enterprise customers who are willing to pay more than everyday consumers.
- That guiding thesis is also becoming the key differentiator between the winners and laggards in the AI race.
- Investors on Wall Street are favoring Google and Anthropic, which are believed to have strong enterprise adoption stories, while OpenAI and xAI are seen as more general, consumer facing models that stand to make less money.
Yes, but: So far, Anthropic is not gaining users at the expense of other AI firms, according to Ramp data.
- 1 in 5 businesses that use Ramp now pay for Anthropic, up from 1 in 25 last year.
- About 79% of OpenAI users also pay for Anthropic, meaning it's not a zero-sum game.
The bottom line: Enterprise adoption is boosting Anthropic revenue and that's showing up in its valuation.
- The question now is whether — and when — it goes public.
Editor's note: This breaking news story has been updated throughout.
